minimum wage

Central bank: minimum wage should be nearly EUR 953 next year

Next year, minimum wage in Lithuania should reach EUR 952.84 under the formula set by the Tripartite Council, up by 13.4% from the current EUR 840, the...

Estonian employers say government gave them an ultimatum over minimum wage

Arto Aas, executive manager of the Estonian Employers Confederation, told the public broadcaster ERR that the government should not meddle in hiking the...

115,000 employees received minimum wage or less in October

In October 2022, the number of employees receiving minimum monthly wage (MMW) and lower gross earnings in the whole economy (individual enterprises included)...

PM: non-taxable income, minimum wage to depend on economic growth and other priorities

The alignment of the non-taxable income rate (NPD) with minimum monthly wage (MMA) is only possible by reducing the MMA down to the NPD, Prime Minister...

Ukrainian employees in Lithuania pay EUR 40mn in taxes in 2022

More than 22,000 Ukrainians have been employed in Lithuania since the war broke out, with their taxes estimated to total about EUR 40 million last year, the...

Minimum wage, non-taxable income and pensions up as of 1 Jan

Seimas adopts 2023 budget

Seimas approves Governments’s proposal to raise non-taxable income rate

In 2021, Lithuania’s GDP amounted to EUR 56.2bn